The closing price of Resideo Technologies Inc. (NYSE: REZI) was $16.52 for the day, down -2.07% from the previous closing price of $16.87. In other words, the price has decreased by -$0.35 from its previous closing price. On the day, 583475 shares were traded. REZI stock price reached its highest trading level at $16.78 during the session, while it also had its lowest trading level at $16.36.
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Our analysis of REZI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.49. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.54.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 07 when Geldmacher Jay L bought 7,500 shares for $17.53 per share. The transaction valued at 131,475 led to the insider holds 441,879 shares of the business.
Richardson Nina sold 3,458 shares of REZI for $64,941 on Mar 03. The Director now owns 47,731 shares after completing the transaction at $18.78 per share. On Mar 02, another insider, Aarnes Robert B, who serves as the President, ADI of the company, sold 71,974 shares for $18.37 each. As a result, the insider received 1,322,162 and left with 166,321 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, REZI now has a Market Capitalization of 2.37B and an Enterprise Value of 3.53B. As of this moment, Resideo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.73, and their Forward P/E ratio for the next fiscal year is 7.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.39 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 0.55 whereas that against EBITDA is 6.53.
Stock Price History:
Over the past 52 weeks, REZI has reached a high of $24.77, while it has fallen to a 52-week low of $14.95. The 50-Day Moving Average of the stock is 17.29, while the 200-Day Moving Average is calculated to be 18.54.
REZI traded an average of 703.28K shares per day over the past three months and 448.8k shares per day over the past ten days. A total of 147.00M shares are outstanding, with a floating share count of 143.99M. Insiders hold about 0.70% of the company’s shares, while institutions hold 94.50% stake in the company. Shares short for REZI as of Apr 27, 2023 were 2.1M with a Short Ratio of 2.10M, compared to 2.64M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.43% and a Short% of Float of 2.01%.
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.46 for the current quarter, with a high estimate of $0.48 and a low estimate of $0.45, while EPS last year was $0.63. The consensus estimate for the next quarter is $0.49, with high estimates of $0.53 and low estimates of $0.45.
Analysts are recommending an EPS of between $1.96 and $1.83 for the fiscal current year, implying an average EPS of $1.9. EPS for the following year is $2.29, with 4 analysts recommending between $2.59 and $2.16.
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $1.63B to a low estimate of $1.61B. As of the current estimate, Resideo Technologies Inc.’s year-ago sales were $1.69B, an estimated decrease of -3.90% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $1.61B, a decrease of -4.80% less than the figure of -$3.90% in the same quarter last year. There is a high estimate of $1.62B for the next quarter, whereas the lowest estimate is $1.59B.
A total of 6 analysts have provided revenue estimates for REZI’s current fiscal year. The highest revenue estimate was $6.43B, while the lowest revenue estimate was $6.36B, resulting in an average revenue estimate of $6.38B. In the same quarter a year ago, actual revenue was $6.37B, up 0.10% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $6.62B in the next fiscal year. The high estimate is $6.67B and the low estimate is $6.59B. The average revenue growth estimate for next year is up 3.80% from the average revenue estimate for this year.